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Why is anyone taking this at face value. Does your kid say they made twenty five grand last month dicking around with stocks out of the blue? Like I’m not saying it didn’t happen, but I feel more than likely there’s something big here we’re missing that renders our conjecture moot. If he had the foresight to see that Italy had been locked down and we were next. He probably bought puts or sold index futures. Moves like that are rare, but if he saw it coming, good for him. It won’t always be that easy though. He wouldn’t have been able to get approved for futures at that age. Puts definitely a possibility. A lot of Good Syringe Just The Tip I Promise Vintage Shirt people saw what was going on in Italy and repositioned themselves.
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Personally I think this is an opportunity to teach him an adult lesson. You give him the promised amount, counsel him on his options, but let him choose how to spend it. He can make the adult choice and live with the consequences with relatively low stakes compared to later in life. I did this when my parents gave me the same deal for my college graduation. When I told them I wanted to Good Syringe Just The Tip I Promise Vintage Shirt buy the car I’d been using throughout college off of them and keep the rest for savings, moving, etc. they flipped the script on the original deal and it began 8 very long years of financial manipulation from them. Also, thank you for being so kind. This actually helped me connect more dots than you realize. Keep being a wonderful soul.
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Would a teen who made 350% gain in less than a couple of years and who is that cognizant of interests rates want to sink all of his money into the world’s most depreciable asset? If kid is that smart and dad is that concerned, explain depreciation to him and let him keep the rest of the money and do whatever. He probably doesn’t. And I would hope OP has a talk with his son about his trading. I knew a lot of douche bags who would talk about their trading with friends all the time. One of Good Syringe Just The Tip I Promise Vintage Shirt them was my husbands roommate who was really into bitcoin and he got the crap beaten out of him because he lost someone’s 3k in the market.
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